Public Employees Retirement System of Ohio cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 489,916 shares of the business services provider’s stock after selling 2,995 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.21% of Copart worth $16,838,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Copart by 103.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,180,796 shares of the business services provider’s stock worth $514,387,000 after buying an additional 8,230,677 shares in the last quarter. BlackRock Inc. boosted its position in shares of Copart by 103.6% in the 2nd quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock worth $511,611,000 after buying an additional 8,189,852 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Copart by 91.4% in the 2nd quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock worth $334,636,000 after buying an additional 5,025,918 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Copart by 106.5% in the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock worth $235,810,000 after buying an additional 3,826,242 shares in the last quarter. Finally, Wasatch Advisors Inc. boosted its position in shares of Copart by 109.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 7,061,828 shares of the business services provider’s stock worth $224,496,000 after buying an additional 3,697,382 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

CPRT has been the topic of several recent research reports. Gabelli reiterated a “hold” rating on shares of Copart in a research report on Friday, November 24th. Wolfe Research initiated coverage on shares of Copart in a research report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, November 21st. Robert W. Baird reiterated a “buy” rating and issued a $44.00 price objective on shares of Copart in a research report on Friday, November 24th. Finally, CJS Securities restated an “outperform” rating and issued a $42.00 target price on shares of Copart in a report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Copart currently has a consensus rating of “Buy” and an average target price of $41.40.

Copart, Inc. (NASDAQ CPRT) opened at $44.11 on Monday. The stock has a market cap of $10,202.82, a PE ratio of 32.92, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Copart, Inc. has a 1-year low of $27.56 and a 1-year high of $44.42.

Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period in the prior year, the firm earned $0.29 EPS. equities research analysts predict that Copart, Inc. will post 1.5 earnings per share for the current year.

In other Copart news, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the transaction, the director now owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,667 shares of company stock worth $17,252,147. 16.40% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Copart, Inc. (CPRT) Stake Decreased by Public Employees Retirement System of Ohio” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/12/18/copart-inc-cprt-stake-decreased-by-public-employees-retirement-system-of-ohio.html.

Copart Company Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.